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These days, finding an affordable place to live in the South Carolina area can be challenging. Home prices in South Carolina are now at a median cost of $296,593, lower than the the United States average of $419,293.
The average cost of rent is $1,294/mo in South Carolina, primarily driven by the current value of real estate in the South Carolina area. In South Carolina, 28.13% of households rent, and 42.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Carolina is $6,447 per month. Households that rent pay about 20.08% of their income on rent here. South Carolina’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- North Carolina: higher priced homes
- Georgia: higher priced homes
- Virginia: higher priced homes
- Tennessee: equally priced homes
- West Virginia: less expensive homes
- Alabama: less expensive homes
- Kentucky: less expensive homes
- Florida: higher priced homes
- District of Columbia: higher priced homes
- Maryland: higher priced homes
States with Similar Populations
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